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Our Ref:DC/Contact:Richard Gatsby/Donna Parental:01246 217003/217045email:Donna.cairns×Derbyshire.gov.update:14 March 2018Dear Councillor Licensing Committee Please attend a special meeting of the
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DCMD stands for Declaration of Cash Movement and Designated Financial transactions. It is a form used to report cash movements and financial transactions over a certain threshold.
Banks, financial institutions, and other entities involved in financial transactions are required to file DCMD.
DCMD can be filled out electronically or in paper form. The form requires information such as the amount of the transaction, the names of the parties involved, and the purpose of the transaction.
The purpose of DCMD is to monitor and report large or suspicious cash movements and financial transactions to prevent money laundering and other illegal activities.
Information such as the amount of the transaction, the names of the parties involved, the purpose of the transaction, and any other relevant details must be reported on DCMD.
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